$BTC At 3 AM, looking at the candlestick chart, it's so bullish that you want to smash your phone, and when it drops, you want to delete the app. Just as you decide to cut losses, it takes off; if you chase it, it slams you down to the floor — the tenderness of the crypto world is to make you see hope in despair, only to crush that hope into dust. Reviewing the day's market trend, after starting from the low of 116370, Bitcoin showed a steady upward trend. After reaching the intraday high of 119720, it encountered resistance and pulled back, briefly dipping to 117726 for support. In the evening, driven by the sentiment of the US stock market, the price slightly tested up to around 119200 again, but the pressure above remains evident. Ethereum's price started from the low of 3700, also maintaining an upward trend, peaking at 3857 before failing to stabilize, then retracing to around 3747 for support. In terms of trading strategy, Xiao Ge accurately predicted the market trend in the morning and decisively provided the operation idea of buying on the dip. The intraday market completely confirmed this judgment, and Xiao Ge successfully executed 6 trades with an excellent grasp of the trend, showing outstanding market insight and trading execution. Bitcoin entered long at 116700, took profit at 118000, gaining 1300 points. Ethereum entered long at 3716, took profit at 3784, earning 68 points. In the afternoon, Bitcoin entered long again at 118300, took profit at 119500, gaining 1200 points. Ethereum entered long at 3762, took profit at 3820, gaining 58 points. In the evening, Bitcoin re-entered long at 117900, took profit at 119000, gaining 1100 points. Ethereum entered long at 3784, took profit at 3846, earning 62 points.
Overall, today's market shows typical characteristics of a volatile upward trend. With precise judgment and strict trading discipline, Xiao Ge successfully captured multiple profit opportunities amidst the fluctuations.
From the daily chart perspective, the price has consistently failed to break through previous highs, showing a pattern of rising and then falling back. The market is currently in a high-level consolidation phase, with the fluctuation range gradually narrowing. The 4-hour chart shows that the price quickly fell from the upper resistance to the lower support area, and yesterday it even broke through the middle support, ultimately finding brief support near the lower boundary. Overall, the 4-hour level still maintains a volatile pattern, with both bulls and bears in a tug-of-war, and the market lacks continuity. This repeated volatile trend somewhat suppresses Bitcoin's further upward momentum, making it difficult for prices to establish an effective breakout trend, continuing to look bullish in the early morning.
Bitcoin: Buy near 117500-117000, short-term target 119000
Ethereum: Buy near 3750-3720, short-term target 3850
